Business

Vietnam’s agriculture, forestry and fishery sector saw the value of exports climb 9.3% from 2021 to $53.22 billion for the year, reaching a new peak. The trade surplus in the sector surged 30% to $8.5 billion. The fishery sector played an important role in this growth, with export value rising …

Vietnam’s agriculture, forestry and fishery sector reached many milestones in 2022, with export value reaching a new record and several products finding new markets despite global economic headwinds. The sector saw the value of exports climb 9.3% from 2021 to $53.22 billion for the year, reaching a new peak. The …

The Vietnamese government expects to nearly double the country’s GDP per capita by 2030 and increase it eightfold to $32,000 by 2050. The country recorded a per capita GDP of VND95.6 million ($4,100) last year, up 10.8% from 2021. The government wants to boost this figure to $27,000-$32,000 by 2050, …

A groundbreaking ceremony for Asia Dak Song 1 wind power plant was held in the Central Highlands province of Dak Nong on Wednesday. With a total investment capital of nearly VND1.7 trillion ($72.4 million), the project is the sixth of its kind being built in the province. It has a …

Vietnam’s benchmark VN-Index rose 0.91% to 1,055.82 points in its third session in a row. The index close 9.47 points higher after rising 2.45 points Wednesday. Trading on the Ho Chi Minh Stock Exchange (HoSE), on which the index is based, fell 13% to VND9.18 trillion ($391.05 million). The VN30 …

The Second Home Visa program that allows foreigners to stay in Indonesia for up to 10 years has failed to attract any applicants in Bali in 2022, an official said. No foreigners have applied for a Second Home Visa through the Ngurah Rai Immigration Office in Bali since the program …

Vietnam Expressway Corp, the operator of four major expressways, reported a 36% jump in toll collection to VND4.44 trillion (US$188.9 million) last year. Its Noi Bai – Lao Cai, Cau Gie – Ninh Binh, Da Nang – Quang Ngai, and Ho Chi Minh City – Long Thanh – Dau Giay …

Military-owned telecommunications giant Viettel Group earned pre-tax profits of VND43.1 trillion ($1.8 billion) in 2022, the highest growth recorded since 2017. The profits rose 3% from 2021. The group’s consolidated revenues increased by 6.1% to VND163 trillion. Viettel said telecommunications continued to be its main source of revenue, as the …

Bank loans, in 2022, exceeded deposits for the first time in 10 years, causing a liquidity crunch and a deposit interest rate race. The banking system pumped more than VND1,500 trillion ($6.38 billion) into the economy in 2022, also the largest ever credit amount in a year, Nguyen Thi Hong, …

Investment fund Dragon Capital sold 6.65 million shares of retail giant Mobile World last week, reducing its ownership from 10.12% to 9.67%. Based on the share price at the time, the deal is estimated to be worth VND283 billion (US$11.91 million). MWG plunged to VND42,600 on the day of the …